Polls have now closed in Georgia for the pivotal runoff elections being held for both Georgia US Senate seats, though if you are currently in line at a polling location, you can still cast your vote. Additionally, a handful of counties and certain precincts have extended time to vote. These races will determine whether the GOP retain their majority in the Senate, or whether Democrats will have unified control of government in DC for the first time since 2010.
##Results
OG poster u/PlayFree_Bird
Alright, I hate to say it, but there is some less-than-ideal information circulating out there, particularly about the famed "gamma squeeze" we hear so much about these days. I'll get to that. Let's go through the questions you simpletons want to know, as explained by a mouth-breathing fool who has managed to convince you he knows what he's talking about:
Did we win today? Is it endgame?
Kind of. Be patient.
In what ways did we win?
First, there was the obvious victory of bouncing back 65% today after the worst market manipulation I've ever witnessed. We kept the upward momentum going.
Secondly, every day you finish higher is another day the shorts are underwater. If you are perpetually going up, the walls are closing in on them.
Finally, a lot of put options expired worthless today while a number of call options expired in-the-money. It's always good to make put holders lose money because you drain the bank accounts of people betting against you.
Yes! Call options! We finished above $320 and get a gamma squeeze to infinity now, right?
No. That's not how this works. Too many people don't quite understand what a gamma squeeze is.
A gamma squeeze happens when call option sellers (or "writers") have to hedge their naked calls by buying stocks. They do this because the risk of selling naked calls is theoretically infinite if they don't. It's called delta hedging. You don't need to know all the fancy math ("delta" and "gamma" are those greek symbols for nerds), just understand this: as it becomes more probable that the call option you sold will cost you money, you hedge more.
This is a continuous PROCESS, not a discreet moment in time. The market makers and hedge funds and institutions selling you calls don't wake up on Friday morning and think, "Shit! I think I'm going to lose everything if these stocks keep going up! I have to BUY NOW!!!" That would be stupid. They are hedging all the way up. I guarantee you that most of the calls that were exercised at $320 today were already covered. They already went out and bought those shares and most of the upwards pressure that places on the market is priced in already.
So, no gamma squeeze?
Probably not significantly. They're not going to be madly rushing out on Monday to buy shit they already own for the most part.
Why are people talking about a gamma squeeze at $320, then?
We did have a gamma squeeze at $320. On Wednesday, two days ago. The price exceeded $320 (th
... keep reading on reddit ➡The shorts will go bankrupt and you are next in line.
This is a game of chicken where reality tips greatly in our favor.
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It costs absolutely nothing for us longs to hold onto our positions. Guess who has to pay to hold onto their positions?
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Shorts can only try to shake us but the more they pressure us, the more our hands get encrusted in diamonds. Shorts can keep trying tricks but we have our own whales to see through them, meaning every dip is a discount and eventually, we will shake off all paper hands.
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This collective will attain diamond hands. It is a matter of when not if. You have people who have nothing left to lose, betting everything they have on a chance to change their lives. You have people who are here just to make a point. You have degenerate gamblers who flip the finger to risk management. You have people who are just here for entertainment. These people are willing to see their money drop to 0 and this crowd is going international.
The only way out of this situation is to unwind the short interest and better now than later. If the shorts go bankrupt, as a broker, you are on the hook. Better close those short positions while the losses are limited to the shorts. Maybe you're enjoying the interest from loaning our shares out but the goal is to bust the shorts and we don't mind you being collateral damage (especially those specific few of you, you know who you are).
Positions 50 GME @ 300
Disclosure, 150 of my previous 200 shares belonged to friends and family. I sold at 425 and re-entered at 300 using a different broker. I'm selling cash secured puts to enlarge my position.
EDIT: DEGIRO is the trading platform. They disallowed Market buy orders for GME and AMC but you can still buy via limit orders. OH AND NO LIMIT ON THE QTY OF SHARES YOU WANT TO BUY 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀
https://preview.redd.it/fqswt5621de61.png?width=446&format=png&auto=webp&s=318d11b24d37820e6ec5a07b160c7bc385c18ea4
Got my Model 3 in December. Paid for FSD and I don't regret it (yet). I love the car, better than anything I've driven in recent memory. Like the center screen, like the driving dynamics. Even like watching Netflix while waiting at the supercharger.
I was motivated to post this because the design of the new Model S/X seems to clearly indicate they don't actually think you'll need the steering wheel most of the time. That seems really really premature.
The existing Autopilot is not great, and I'm even starting to avoid using it out of fear of unexpected behavior. The FSD videos show similar behavior, even more unrefined, and applied in even more scenarios. Projecting forward, it's not getting better at a rate that will reach Level 5 anytime soon. At least 5 to 10 years I'd guess. "FSD" might get us to Level 3 if we're really lucky.
Problems:
- Phantom braking. So much of it. I drive mainly at night these days, and it now happens about once, sometimes twice every 20-40 minute drive. In the same very general section of highway, but not related to specific cars, bridges, or trucks as far as I can see. Could be any of those, or none, in some cases. Slamming on the brakes at 120 km/h in traffic is not great.
- Had it disengage mid off-ramp a few times and I had to grab the wheel to keep from slamming into a concrete barrier.
- It seems to deliberately and sometimes dramatically slow while overtaking cars in parallel lanes, causing the people behind me to slam on their brakes.
- Fast moving, but dense traffic seems to be the worst. It's not aggressive enough and confuses the people around me. Then will suddenly disengage or change speed, making the situation worse.
- Any time a lane closes or opens on a boulevard, it can't figure out where to go and swerves before disengaging.
- In moderate snow, without the Autopilot even engaged, the sensors go crazy, detecting every lump of snow on the road as an obstacle and sounding alarms constantly at speeds under 20km/h.
- Fully automated lane change is dangerous, usually wrong, erratic, and pointless.
- Not moving at the speed of traffic. Holding at 70km/h on long on-ramps for way too long, then attempting to get to 120km/h right at the end of the onramp.
If you watch FSD videos, some of this is improved, but a lot of it is not. It's mostly just the same kind of unreliable behavior in a wider array of situations.
The point of all of this is that it is not getting better very fast. And is bad enough now that I only
... keep reading on reddit ➡
EDIT: u/tangledGoatsucker provided the website with the figure of short shares— https://highshortinterest.com/all/1
EDIT:Due to popularity of this i want to say *I am not a financial advisor. Do what you want with your money the risk is up to you its a gamble but it could work. But in saying that.. I LOVE THIS STOCK🚀
EDIT: Credit and posted by u/Laxsmi371 -$AMC... Man Of The Hour: David Portnoy (BARSTOOL founder & president) today on Fox Business.... Invested $2mil (paid top dollar) in the heavily shorted stocks yesterday to support the cause... YES, he is in $AMC for the long haul, he said. By the end of the day yesterday, he was down $700,000. Today, at the time of the interview, he was only down $200,000 but said he is still in for the duration.... He said, and I quote: "Robinhood STOLE money from its clients"... BRAVO David Portnoy... YOU get it!!!.... EVEN AOC and Ted Cruz agree on what RH did was wrong.... Congress is meeting on it as we speak.... Oh.... EVEN Mark Cuban supports the cause.... 🙂
EDIT: if AMC closes above 9-10$(hearing lots of both # from different sources) today all the calls expire in the money and market makers will be forced to buy shares back at a premium, therefore early next week the price SHOULD rocket officially starting the short squeeze
Use this post to discuss whatever you want! Future dream casts, trying your stand up career, crying shenanigans about this season's robbed cinnamon bun... it all goes here. Just remember to be civil and keep opinions here and not in the speculation threads. Thank you!
Tea Checkers:
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Today's title is brought to you by u/Ok_Sell1165 !
I wish they were kidding
https://www.hollywoodreporter.com/heat-vision/kevin-hart-talks-lionsgates-borderlands-movie-1301433
